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Solaris Energy initiated with an Overweight at Barclays

Barclays analyst J. David Anderson initiated coverage of Solaris Energy (SEI) with an Overweight rating and $42 price target With data centers creating an “acute power gap,” Solaris is the leading player in off-grid distributed power solutions, benefiting from higher electricity rates and the need for speed-to-power solutions, the analyst tells investors in a research note. The firm says that in just 12 months, Solaris has transformed itself into the leading supplier of mobile power solutions, operating 340 MW of natural gas turbine capacity with another 1,360 MW to be delivered by 2027. It believes Solaris has the “first-mover advantage” in the mobile power market.

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